The Future Impact of Carbon Tax on Electricity Flow between Great Britain and Its Neighbors until 2030

This paper investigates the future role of cross-border electricity flow between Great Britain (GB) and its neighbors until 2030, considering high deployment of renewable energy sources (e.g., wind, solar, and biomass), enhanced interconnection capacity, and a partly electrified heating sector. It was assumed that two cross-border interconnectors links will connect GB’s power system to its neighbors: (1) a one-way interconnector (IC1) that imports electricity to GB, and (2) a two-way one (IC2) between France and GB. The IC2 was allowed to transfer electricity from a cheaper power system to a more expensive one. The results show that at a fixed CO2 price, a change in power imported via IC1 will affect the power dispatch of the CO2 emitting power plants and biomass-fired power plants, and electricity trade via IC1 and IC2. At IC1 importing of £60/MWh, by raising the CO2 price from 60 to £70/ton, the share of CCGT power plants will reduce by 75%, and the power imported via IC1 link will face 19-times growth. With a constant IC1 import price, raising the CO2 tax will reduce the total quantity of electricity being exported to France via IC2. Moreover, increasing the CO2 tax will increase the emissions cost of gas and coal-fired generators, and the power required to meet the demand will be imported via IC1. With the IC1 electricity price set to £20/MWh and the CO2 tax set to £50/ton, there may be 595 periods out of 17,520 in which GB will be used as an electricity trade corridor. GB’s total CO2 emissions should drop as the CO2 tax increases.

Research on Intelligent Metrological Verification Technology Based on Internet of Things

Intelligent metrological verification is of great significance to improve the accuracy of equipment. Especially in the current situation of rapid increase in residential electricity consumption, electric energy meters have received widespread attention from the society as an important device that affects electricity trade settlement. In this research, this article will be based on the technological environment of the Internet of Things. After the analysis of the intelligent metrological verification system, the key technical means will be highlighted, including automatic sealing technology, automatic connection and disconnection technology, and cycle simulation system design. This article provides support for the verification system construction of the metrological center.

Structure Characteristics and Influencing Factors of Cross-Border Electricity Trade: A Complex Network Perspective

Electricity is one of the most widely used forms of energy. However, environmental pollution from electricity generation and the mismatch between electricity supply and demand have long been bothering economies across the world. Under this background, cross-border electricity trade provides a new direction for sustainable development. Based on the complex network approach, this paper aims to explore the structural characteristics and evolution of cross-border electricity trade networks and to figure out the factors influencing the formation of the network by using the more advanced network analysis method—ERGM. The results show that: (1) The scale of the electricity trade network is expanding, but there are still many economies not involved. (2) The centrality of the network shifts from west to east. The level of internal electricity interconnection is high in Europe, and Asian countries’ coordination role in cross-border electricity trade networks is enhanced. (3) Cross-border electricity trade helps to reduce CO2 emissions, achieve renewable energy transformation, and reduce power supply and demand mismatch. Large gaps in GDP, electricity prices, industrial structure, geographical distance and institutional distance between economies are not conducive to form the cross-border trade network, while the common language is on the contrary.